In 2023, France led the European underwear wages and salaries market, followed by Italy and Germany. Countries like Lithuania, Serbia, and Bosnia and Herzegovina saw significant growth in wages, with increases of 8.51%, 8.9%, and 6.96% respectively. Conversely, the United Kingdom, Austria, and Cyprus experienced the most substantial declines, with Austria dropping by 24.04%. Despite these fluctuations, the overall trend over the last five years showed modest growth in select Eastern European markets, while Western Europe faced stagnant or declining shares.
Future trends to watch include continued wage growth in Eastern Europe, driven by improving manufacturing capabilities and cost efficiencies. Conversely, Western European markets might further consolidate due to competitive pressure and potential economic slowdowns. Emphasis on sustainable production and localization could also influence wages and shifts in market dynamics.
Top countries in Underwear Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 23.69 | 2023 | +3.79% | -6.22% | View data |
| 2 | 2 Italy | 15.07 | 2023 | +2.72% | -2.09% | View data |
| 3 | 3 Germany | 12.14 | 2023 | -1% | -1.95% | View data |
| 4 | 4 Romania | 8.9 | 2023 | +4.7% | -0.018% | View data |
| 5 | 5 Portugal | 7.16 | 2023 | -0.23% | +0.82% | View data |
| 6 | 6 Bulgaria | 6.11 | 2023 | +2.46% | +2.75% | View data |
| 7 | 7 Poland | 4.36 | 2023 | +2.89% | +0.11% | View data |
| 8 | 8 Lithuania | 2.9 | 2023 | +3.5% | +8.51% | View data |
| 9 | 9 Serbia | 2.35 | 2023 | +7.87% | +8.9% | View data |
| 10 | 10 Spain | 2.12 | 2023 | +1.96% | -3.39% | View data |
